Type of loans offer by Zenith Bank and how to apply

Bank loans allow entrepreneurs to finance large purchases or obtain operating capital and funds for business expansion that they otherwise would not be able to afford. Credit history, cash flow history, and business projections are the most important characteristics for most prospective lenders. Available collateral to secure the loan and Character
Consider whether your income will allow you to pay off your loan balance before taking out a loan to help cover your big move. This thought will help you avoid the additional stress of repaying your loan.

We occasionally find ourselves in need of a little or a lot more money than we have to meet certain pressing financial goals in life and business. Zenith Bank’s loan options provide a backup option for obtaining the funds you require.

In this article, we’ll go over all of Zenith Bank’s loan options, which include the following:

1.SMALL BUSINESS LOANS

2.SCHEME LOANS FOR RETAIL

3.NON-SCHEMES RETAIL LOANS

LOAN FOR EDUCATION

INITIATIVE FOR CREATIVE INDUSTRY FINANCING (CIFI)

6.OVERDRAFT

LOANS WITHOUT TIME

8.INVOICE DISCOUNTING / RECEIVABLE DISCOUNTING

FINANCE FOR LPO

FACILITY FOR IMPORT FINANCE

FACILITY FOR EXPORT FINANCE

12 MONTH LOAN

13.LEASE

BONDS AND GUARANTEE 14

WOMAN BUSINESS PACKAGE 15.Z (SME LOANS)

The majority of Zenith bank loans are only available to existing customers, and those with a good credit history are rewarded.

SME LOAN Z-WOMAN BUSINESS PACKAGE

The loan is intended for women in the beauty/style, confectionery, fitness, agriculture, and other fields who want to expand their businesses (Working Capital, Purchase of Raw Materials & Infrastructure upgrade)

The maximum loan amount is N100, with a tenor of 12 to 24 months and a rate of 9% p.a.

SECURITY

 

Acceptance of the BVN covenant, customer personal guarantee, insurance, positive credit checks, and company profile are all required.

SCHEME LOANS FOR RETAIL

Salary Advance, Personal/Consumer loans to finance personal needs, Asset acquisition/Car Loans, and Mortgage Facility are all available from Zenith Bank.

LONG-TERM LOAN

This zenith bank credit is available for short, medium, or long-term financing of specific capital projects, expansions, or lines of business for a set period of time.

INITIATIVE FOR CREATIVE INDUSTRY FINANCING (CIFI)

The Central Bank of Nigeria (CBN) has developed a Creative Industry Financing Initiative (CIFI) fund in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth.

Activities/businesses that qualify

Fashion

Technology Information

Producing a Film

Distribution of films

Music

Student Loan for Software Engineering

LOAN FOR EDUCATION

The zenith bank education loan scheme is designed to provide short-term funding to enable parents/guardians to pay tuition fees for their children/wards. Education is the bedrock of social and economic development.

FEATURES

N100,000 is the minimum facility amount.

N5,000,000 is the maximum facility amount.

School fees will be paid to the child’s or ward’s school directly.

Maximum tenor of 3 months (Junior School) and 9 months (High School) (Tertiary Institution)

REQUIREMENTS

1. A filled-out application form

2. Parents and guardians must have a bank account in their name.

3. The child or ward must have a bank account.

4. School/tuition fees invoice

How do I apply for a loan from Zenith Bank?

Simply visit your nearest Zenith Bank branch to apply for any Zenith Bank loan package.

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